Hi,
I am new in R. I would like to do a ordered probit regression using clm2 (in
the ordinal package).
My dependent variable y is the way of payment in M&A: y=0 if the deal is
financed by stock only, y=1 if the deal is financed by a mix of cash and stock
and y=2 if it is by cash only.
My independent variables are CollateralB, Cashavailable and Leverage.
This is the code I wrote:
> library(ordinal)
> datareg<-read.xls("C:/regression.xls")
> myprobit<-clm2(Newpercentagecash ~ CollateralB + CashavailableB + LEVERAGEB,
> data = datareg, link = "probit")
Error in clm2(Newpercentagecash ~ CollateralB + CashavailableB + LEVERAGEB, :
response needs to be a factor
I do not understand this error message. My "y" only equals 0, 1 or 2. I do not
understand what a "factor" is.
Could you help me please?
Thank you in advance,
Best regards,
Alice
[[alternative HTML version deleted]]
______________________________________________
R-help@r-project.org mailing list
https://stat.ethz.ch/mailman/listinfo/r-help
PLEASE do read the posting guide http://www.R-project.org/posting-guide.html
and provide commented, minimal, self-contained, reproducible code.
